Insperity Inc.
12/16/2025 | Press release | Distributed by Public on 12/16/2025 06:53
Material Agreement, Financial Obligation (Form 8-K)
Item 1.01. Entry into a Material Definitive Agreement.
On December 15, 2025, Insperity, Inc. (the "Company") entered into the Eighth Amendment to Amended and Restated Credit Agreement (the "Eighth Amendment") with Zions Bancorporation, N.A. dba Amegy Bank, as administrative agent, and certain financial institutions, as lenders. The Eighth Amendment amends the Company's existing Amended and Restated Credit Agreement,dated as of February 6, 2018 (as amended, amended and restated, supplemented or otherwise modified to date), to, among other things, (i) increase the aggregate principal amount that the Company may borrow under the revolving credit facility thereunder (the "Facility") from $650 million to $750 million, (ii) increase the aggregate principal amount to which the Facility may be increased, subject to certain terms and conditions, from $700 million to $800 million, (iii) extend the maturity date of the Facility to December 15, 2028, (iv) increase the Maximum Leverage Ratio (as defined therein) financial covenant from 3.00 to 3.75 and (v) make certain amendments to the definition of EBITDA (as defined therein).
The foregoing summary is qualified in its entirety by reference to the Eighth Amendment, a copy of which is filed as Exhibit 10.1 to this Form 8-K and is incorporated in this Item 1.01 by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information contained in Item 1.01 to this current report on Form 8-K is hereby incorporated in this Item 2.03 by reference.
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